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Guide to the Nobel Prize and Prize Recipients

1995 - German Stamp featuring Swedish chemist Alfred NobelSwedish chemist Alfred Nobel (1833-1896) became quite wealthy through his more than 300 inventions, including especially that of dynamite in 1866. In his Last Will and Testament, Nobel bequeathed prizes to be awarded on an annual basis to individuals most benefiting mankind by their accomplishments in physics, chemistry, peace, medicine, and literature. From this arose the Nobel Foundation. Prizes were first awarded in 1901. In 1968, “economic sciences” was added to the topics selected to win prizes.

Nobel Prizes not only recognize important contributions to society but also include a medal, a diploma, and a cash award that depends upon the income of the Nobel Foundation for the year. In 2009, the awards were more than one million dollars. The prize cannot be awarded posthumously, but only to living recipients. Knowledgeable Bright Hub contributors have published educational pieces related to the Nobel Prize and its recipients.

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